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Definition of Invoice
Bill written by a seller of goods or services and submitted to the purchaser.
A document submitted to a customer, identifying a transaction for which the
Billing system in which the invoices are sent off at the time of customer orders are all separate
Usually the date when goods are shipped. Payment dates are set relative to the invoice date.
The price that the buyer of a futures contract must pay the seller when a Treasury Bond is delivered.
An inventory valuation method in which a company values the items in its ending inventory based
The weighted-average age of all of the firm's outstanding invoices.
Rules set by the Chicago Board of Trade for determining the invoice price of each
The price fixed by the Clearing house at which deliveries on futures are in invoiced; also the
A central financial subsidiary used by an MNC to reduce transaction exposure by having
A figure determined by the closing range which is used to calculate gains and losses in
Billing method in which the sales for a period such as a month (for which a customer also
Amounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually Accounts payable involves the receipt of an invoice from the company providing the services or goods.
Expenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services.
The actual expenditure made to acquire an asset, which includes the supplierinvoiced
Period of delay allowed by a firm's supplier to pay its invoices. Frequently, the terms are : 2% discount on invoice if paid in 10 days or net if paid in 30 days.
An amount deducted from an invoice by a supplier in exchange for quick payment (a typical example might be a 2% discount if paid in 10 days or the full amount of the invoice in 30 days).
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